SBA releases streamlined PPP forgiveness application for loans $50K or smaller

PROVIDENCE – The Small Business Administration has released a simplified loan forgiveness application for Paycheck Protection Program loans of $50,000 or less, the SBA announced on Friday. The application, designed in consultation with the Treasury Department, will apply to the 3.57 million outstanding PPP loans of $50,000 or less, totaling approximately $62 billion of the…

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